Overview
What is The Well - Food And Clothing Source?
The Well - Food And Clothing Source is a nonprofit organization situated in Marion, Iowa, specifically at 1691 Marion Airport Road. Their primary mission is to serve the community by providing essential food and personal care resources to individuals in need. In 2022 alone, they aided 16,482 individuals across 49 Thursdays. Operating as a distribution center, they offer a wide range of resources to help those in their local area who are struggling.
Official website here: www.cog7marion.business.site
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Well - Food And Clothing Source has received a 76% rating from Charity Navigator, indicating a solid performance in the area of accountability and finance. This rating is based primarily on their robust independent board structure and strong financial ratios, suggesting a stable organization that is effectively managing its resources to benefit the community.
However, there are notable weaknesses in their governance practices, particularly regarding their conflict of interest policy, whistleblower policy, and document retention strategies, each receiving a score of zero. These gaps indicate areas where the organization may need to improve transparency and risk management to bolster its overall governance framework.
Despite these limitations, The Well demonstrates a commitment to its mission through its program expense ratio and effective use of assets. Addressing the identified governance issues could enhance their accountability and potentially improve their rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is The Well - Food And Clothing Source legitimate?
The Well - Food And Clothing Source is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Well - Food And Clothing Source submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cog7marion.business.site
What is the mission statement of The Well - Food And Clothing Source?
The Well - Food And Clothing Source serves as a distribution center, offering essential food and clothing items to individuals in need within the community. Its mission is centered around providing these vital resources, aiming to alleviate hardships and support those in need. In 2022, they extended assistance to 16,482 individuals, providing them with essentials on 49 consecutive Thursdays.
Official website here: www.cog7marion.business.site
Who is the CEO of The Well - Food And Clothing Source?
Cathy Harvey is the President of The Well - Food And Clothing Source.
Official website here: www.cog7marion.business.site
What is the revenue of The Well - Food And Clothing Source?
The Well - Food And Clothing Source's revenue in 2022 was $553,125.
Official website here: www.cog7marion.business.site
Who are the executives of The Well - Food And Clothing Source and what are their salaries?
There 18 volunteers at The Well - Food And Clothing Source.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cog7marion.business.site
Where can I find the form 990 for The Well - Food And Clothing Source?
The Well - Food And Clothing Source's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cog7marion.business.site
Learn more at the official website: www.cog7marion.business.site
Mission Statement of The Well - Food And Clothing Source
The Well - Food And Clothing Source is a distribution center that serves the community by providing essential resources such as food and clothing to individuals in need. Its primary mission is to ensure that no one goes without these basic necessities, offering support on a regular basis. In 2022, The Well - Food And Clothing Source managed to assist 16,482 individuals on 49 Thursdays, demonstrating its commitment to serving the community. By offering these resources, the nonprofit helps to alleviate some of the hardships faced by those in need, providing a crucial safety net in times of difficulty.
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Impact
July, 2024
The Well - Food And Clothing Source positively impacts the community by providing essential resources to individuals in need. In 2022 alone, they have distributed food and personal care items to 16,482 individuals on 49 Thursdays. Through their consistent efforts, they have helped address the basic needs of many community members in Marion, Iowa.
This information is meant to be a general summary of The Well - Food And Clothing Source. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $553,125
Assets and Liabilities:
- Total Assets: $48,089
- Total Liabilities: $0
- Net Assets: $48,089
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Organization Details
Founding Year
2020
Principal Officer
Cathy Harvey
Main Address
1691 Marion Airport Road, Marion, IA, 52302
Website
www.cog7marion.business.siteNTEE Category
Code: K31 - Food
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